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Barchart
Barchart
Rich Asplund

Crude Oil Prices Slip as US-Iran Tensions Ease

Oil United States Iran OPEC EIA Ukraine Russia Vortexa

March WTI crude oil (CLH26) today is down -1.19 (-1.83%), and March RBOB gasoline (RBH26) is down -0.0533 (-2.69%).

Crude oil and gasoline prices are sharply lower today as the chances of a US attack on Iran eased.  Also, mounting crude supplies in floating storage are undercutting oil prices.  In addition, crude and gasoline have negative carryover from Wednesday when the EIA reported weekly EIA crude and gasoline inventories rose more than expected.  

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